By Nick Tragianis, Postmedia News

Originally published: May 7, 2013

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BMW’s latest and greatest i3 will command a price of almost $40,000 south of the border, according to a report in Automotive News citing BMW North America CEO Ludwig Willisch. With the final price expected to be released around its official launch date, the i3 will also qualify for a $7,500 grant from the U.S. government.

As a refresher, the i3 will also have the option for a 650-cc two-cylinder engine derived from BMW’s Motorrad division, in addition to a loaner program that lets owners borrow a gasoline- or diesel-powered BMW for longer trips. Although the finer details have yet to be worked out, Mr. Willisch calls the program “an added mobility package.”